AirAsia X among top gainers in morning trade, jumps 175% year-to-date
By Reyanna Ng / theedgemalaysia.com
16 May 2023, 12:34 pm

https://theedgemalaysia.com/node/667153

It is expected that AAX’s performance and trade activity will improve due to the reopening of China on March 15, 2023, along with the airline’s announcement on the same day that it has launched three new routes to southern Chinese cities — Quanzhou, Guilin and Chengdu — being part of the network of 15 routes, with over 129 weekly flights between China and Malaysia.

“Our newest route to Tianfu serves as the foundation for more AirAsia X flights to China in the near future, which will significantly boost our North Asian network.

“As China is rapidly bouncing back, we expect to launch even more flights to and from the country, as well as to increase the frequency on the most popular and profitable routes within our network in the short to medium term,” said AAX Malaysia chief executive officer Benyamin Ismail.

https://www.channelnewsasia.com/business/full-recovery-emirates-group-unveils-record-us3-billion-profit-3481436

'Full recovery': Emirates Group unveils record US$3 billion profit


The Emirates airline business alone banked US$2.9 billion, another record, after returning a US$1.1 billion loss in the previous financial year as passengers began to return to the skies.(Photo: AFP/File/Giuseppe CACACE)

11 May 2023 05:44PM

DUBAI: Emirates Group announced a record US$3 billion annual profit on Thursday (May 11), hailing a "full recovery" for the Dubai-based carrier after last year's losses due to the pandemic.

"We're proud of our 2022-23 performance which is not only a full recovery but also a record result," Emirates chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum said in a statement.

buy on rumours sell on news!
buy today sell on Friyay!

just to note 10 Feb 2022, AAX share consolidation 10 to 1.

so base on that now 1.68 is equal to only 0.168

currently ups due to last 2 quarter results showing great improvement n profitability

post covid, china opening, world travellers back to normalcy, proposal to out from PN17

if you think its still cheap...better ADD/BUY, but if you think its expensive, then do not (dump)

Choice is yours ;)

*do not forget, buy on rumors SELL on news

now lets be a believer, RM2.0 just not a dream...

yup....flying

next week trading above 1.5

momentum is great, tmrrw shall break 1.30

RM2 is realy coming??

ok, make sense..tq klee..
single entity focusing airlines business make it stronger

Capital A regularisaton plan_summary by kenanga investment

The key takeaways from the analysts briefing yesterday are as follows:

1. The group plans to announce the details of its PN17 regularisation plan by mid-April 2023 with completion expected by end-3Q 2023. We gathered that the group plans to divest its aviation group to AirAsia X in exchange of shares for subsequent distribution to its shareholders.

can sifu here, help to explain, what will happens to AAX shares, if the divestment really takes place? CapitalA shares UP? AAX waterfall?

games started...

https://fb.watch/i27Lj9ELEG/

CYPARK solar farm, one of its largest project in South East Asia

Locally CITA works with GENETECs

EV potentially businesses

to da moon....

At the same time, the MoU between Citaglobal Bhd and Indonesia Battery Corporation will assess the potential for cooperation in the development of battery manufacturing plants and battery energy storage systems (BESS), including but not limited to:

- developing, designing, and building integrated turnkey manufacturing facilities for battery cells, modules, and packs;
- developing BESS integrated solutions; and
- transferring related technologies and know-how for the development of battery plants and BESS.

https://fb.watch/hnxVlu8hvu/

maybank on SAP

Results Review (BIMB Securities)
Sapura Energy – Drilling Segment Provides the Silver Lining
BUY | RM0.12
Sapura Energy recorded a headline PATAMI of RM10mn in 3Q23 aided by (i) termination settlement of RM65mn, and (ii) forex gain of RM151mn. Revenue declined 12% YoY to RM1.3bn but core EBITDA turned positive to RM107mn from LBITDA of RM244mn in 3Q22. That was due to smaller exposure to unprofitable legacy contracts. On QoQ basis, core loss widened to RM129mn (2Q23: RM77mn) potentially due to higher mobilisation costs for 3 tender rigs which were reactivated in the quarter

Sapura Energy catat untung RM10.18 juta pada suku ketiga FY23 daripada kerugian RM669 juta

KUALA LUMPUR 8 Dis - Sapura Energy mencatat untung bersih sebanyak RM10.18 juta pada suku ketiga berakhir 31 Oktober 2022 berbanding kerugian bersih berjumlah RM669.34 juta yang direkodkan bagi tempoh sama tahun sebelumnya.

Now Hassan Merican is official Petronas and MOF advisor, refer to its website

Short term play, _~30% rebound on good news

short term wise, price will re test 0.20 base on renewed confidence....upon failure to deliver its promise, dumping will start again...

you know what to act....right?

INEDs

ROHAIZAD BIN DARUS

1. Degree - Engineering [Bachelor of Science in Mechanical Engineering, California State University, Long Beach, USA]

In his career spanning over 30 years, he has worked with both local and multinational companies. These include PETRONAS Gas, SapuraKencana, a predecessor to Sapura Energy Berhad, and Velesto Energy Berhad. He has also served Texas Instruments and Esso Production Malaysia. Rohaizad's experience covers most aspects of upstream activities which include soil investigations, hydrographic surveys and underwater diving services. He also spent significant time in offshore construction activities including transportation, installation and commissioning of platforms, pipelines and cables as well as maintenance of offshore and onshore facilities. He was also responsible for managing marine vessels performing construction heavy lift, pipelaying and providing crew accommodation. Prior to his retirement, his responsibilities include overseeing operations of drilling rigs and workover operations. On the corporate side, his experience includes managing Initial Public Offering (IPO), rights issue, syndicated loans and corporate restructuring, including demerger and capital reduction exercise. Rohaizad's last position prior to his retirement in February 2022 was as President of Velesto Energy Berhad, a position that he held since 2012. Velesto Energy Berhad is involved in offshore drilling, well intervention and oilfield service activities. Prior to joining Velesto Energy Berhad in 2012, he was the Chief Executive Officer of Offshore Construction Division of SapuraCrest Petroleum Berhad. Presently, he is actively involved in the oil and gas industry as Advisor to the Malaysian Oil and Gas Services Council (MOGSC), member of Industry Advisory Panel of Malaysian Petroleum Resource Corporation (MPRC) besides being Adjunct Professor at Universiti Teknologi Petronas.

LIM FU YEN


1. Degree - B.A. (Honors) in Engineering Science and Honors Economics [John Davis Scholar Dartmouth College New Hampshire, USA]

2. Masters - Business Administration [Stanford Graduate School of Business California, USA]

Mr Lim Fu Yen was attached to Ekuiti Nasional Berhad (Ekuinas) from April 2014 to July 2020. He has extensive experience in investment, business management, financial restructuring, and operational turnaround with his last position as Senior Director (Investment) of Ekuinas. He was the Chief Subsidiary Management Officer (CSMO) of Tenaga Nasional Berhad from August 2020 to August 2021. As CSMO, he oversees the performance improvement of 12 TNB subsidiaries across 4 sectors; including Manufacturing, Services, Power, and Telco. Mr Lim is currently the Independent Non-Executive Chairman of Malaysian Transformer Manufacturing and Director of Malay-Sino Chemical Industries.

https://www.bharian.com.my/bisnes/korporat/2022/06/961586/sapura-energy-yakin-kembali-pulih

Sapura Energy yakin kembali pulih
5-6 minutes 6/1/2022

"Kumpulan turut mencari sumber dana baharu untuk membiayai rancangan perniagaan berikutan ia bercadang menstukturkan semula perniagaan dan memperkemas operasi," kata Mohammad Azlan dan Mohd Anuar.

-BERNAMA

https://www.thestar.com.my/business/business-news/2022/06/01/sapura-energy-expects-improved-operating-environment

sapura-energy-expects-improved-operating-environment
Wednesday, 01 Jun 2022

10:42 AM MYT

https://www.bharian.com.my/bisnes/korporat/2022/06/961458/sapura-energy-rangka-pelan-penyusunan-semula

good announcement later.....hodl!

Kan Najib Razak dah start marah marah

Semalam marah, harini marah, sebab jual aset bukan real solutions

MOG, PETRONAS….please take quick action!

Semalam, syarikat AirAsia X melaporkan keuntungan RM33.6 bilion bagi suku 3 tahun 2022 ini - iaitu keuntungan paling besar dalam sejarah korporat Malaysia.

Ini adalah sebab syarikat tersebut telah "menulis balik" (write-back) bahagian besar kerugian-kerugian amat besar yang dicatat syarikat tersebut setelah melakukan susut nilai serta kemerosotan nilai aset (impairments) ke atas aset-aset mereka ketika pandemic.

Ketika pandemik, aset-aset mereka dikatakan tidak bernilai sebab tidak boleh digunakan dan tidak menjanakan sebarang cash-flow.

Sebab itu syarikat tersebut membuat keputusan untuk merosotkan nilai-nilai aset dalam buku dan mencatat kerugian amat besar ketika pandemik.

Namun kerugian akibat proses merosot nilai aset masa itu adalah kerugian atas kertas ataupun accounting loss.

Kini, aset-aset mereka boleh digunakan dan mula menjana perniagaan semula. Proses penstrukturan semula AirAsia X juga telah selesai.

Dengan itu, syarikat tersebut terpaksa menulis balik kerugian akibat merosot aset untuk melaporkan keuntungan gergasi sebanyak RM33.6 bilion.

Begitu juga dengan syarikat Sapura.

Bahagian paling besar kerugian sebanyak RM8.9 bilion yang dilapor syarikat itu pada tahun lepas adalah akibat proses susut nilai dan kemerosotan nilai aset-asetnya setelah kekurangan modal kerja menghalangnya daripada beroperasi secara biasa setelah bank-bank menarik balik kemudahan kewangan bagi mereka.

Maka cara paling mudah untuk menyelesaikan masalah kekurangan modal kerja dan kemudahan bank supaya syarikat itu boleh beroperasi dan menggunakan aset-aset tersebut untuk menjana semula cashflow.

Masalah jangka masa pendek ini boleh diselesaikan dengan jaminan kerajaan kemudahan bank kepada Sapura ataupun Petronas mengambil alih secara sementara.

Ianya bukan diselesaikan dengan cara menjual aset-aset paling berharga Sapura kepada orang asing dengan harga murah SETELAH aset-aset itu telah dirosotkan nilai.

Sekiranya, masalah kekurangan modal kerja Sapura ini diselesaikan, aset-aset Sapura bakal menjana pendapatan yang tinggi pada ketika permintaan sektor minhyak dan gas dunia semakin naik ke paras tertinggi.

Dan Sapura akan terpaksa untuk menulis balik bahagian besar kerugian yang dicatat sebelum ini sebagaimana dibuat AirAsia X.

Jangan short-term sangat, people. Nanti kita kesal hari kemudian.

Fokus untuk menyelesaikan masalah utama - bukan fokus pada jual aset-aset kepada orang asing dengan harga murah.

FB NAJIB RAZAK

https://www.freemalaysiatoday.com/category/bahasa/tempatan/2022/05/30/sapura-energy-jual-kapal-bernilai-rm312-juta/

Sapura 3000, sebuah kapal pasang paip serba boleh, mampu melaksanakan projek laut dalam dan cetek, dibina pada 2008 dan kini belayar di bawah bendera Malaysia.

Pada 16 Mei, bekas perdana menteri, Dr Mahathir Mohamad, berkata usaha perlu diambil bagi mengurangkan kerugian ditanggung Sapura.

“Sapura telah berkembang dengan cepat tetapi kita tak tahu macam mana dia boleh jadi rugi begitu besar. Jadi pelabur-pelabur sekarang ini akan rugilah.

“Jadi, apabila rugi kita perlu cari jalan untuk kurangkan kerugian. Tapi bila orang gagal, kita ‘bailout’. Ini bukan perniagaan. Dalam perniagaan ada masa kita untung, ada masa kita rugi,” katanya memetik laporan Sinar Harian.

Sapura Energy Berhad wishes to announce that its wholly-owned subsidiary, Sapura 3000 Pte Ltd has entered into a Memorandum of Agreement for the disposal of its vessel, known as Sapura 3000 for a total cash consideration of USD71,500,000.00 (equivalent to the sum of RM312,848,250.00 at today’s rate of exchange of USD1 = RM4.3755) (herein after referred to as the “Proposed Disposal”).

Sabra Energy plans to sell assets to improve finances
Orientaldaily Mon, May 30, 2022 07:45pm - 10 minutes


KUALA LUMPUR (March 30): Sabra Energy (SAPNRG, 5218, main board energy stock) announced that it has signed a memorandum of understanding (MOA) with Safeen Feeder to sell pipe-laying and lifting oil for US$71.5 million (approximately RM312.85 million). ferry.

Sabra Energy said in a press release that its wholly-owned subsidiary, Sabra 3000, sold the assets to Safeen Feeder. The latter is an Abu Dhabi port company.

The company noted that the sale of assets is part of a restructuring plan to improve its financial position. Sabra Energy expects to close the transaction in mid-July this year, and the proceeds from the sale of the assets will be used for working capital and debt repayment.

Sabra Energy closed at 8.5 sen, up 0.5 sen or 6.25%, with 139.14 million shares traded, making it the third most popular stock.

https://www.orientaldaily.com.my/news/business/2022/05/30/489810

With MoF Inc on its side, will Sapura Energy turn the corner and regain some semblance of its old self, or has it gone too far down the slippery slope?

~the EDGE

https://www.forbes.com/sites/daneberhart/2022/05/04/oil-services-industry-entering-new-boom-time-thanks-to-tight-market/?sh=95c22c01240e

Forbes kata sektor perkhidmatan minyak dan gas dunia sudah mula berkembang pesat (atau boom) dengan keuntungan yang tinggi bagi tempoh yang agak lama.
Forbes kata permintaan bagi sektor ini jauh melebihi bekalan dan ianya akan semakin susah untuk syarikat pengeluar minyak dan gas global mencari perkhidmatan serta peralatan yang diperlukan, yakni "tight market".
Inilah sebab kita patut selamatkan ekosistem perkhidmatan minyak dan gas Malaysia agar Petronas serta pengeluaran minyak dan gas kita tidak menghadapi masalah pada tahun-tahun mendatang - terutamanya jika masalah sekarang hanyalah sekadar masalah tempoh jangka masa pendek iaitu sekadar kekurangan modal kerja sementara.
Jangan kita pecah-belahkan sektor kita dan janganlah aset-aset serta peralatan yang semakin dicari dunia dijual kepada orang asing.
Petronas juga perlu faham dan berlaku adil sebab jika satu-persatu vendor tempatan tumbang, akhirnya Petronas sendiri juga akan menghadapi kesusahan

FB NAJIB RAZAK

p/s : selamatkan sapura

https://themalaysianreserve.com/2022/05/30/brent-crude-tops-us120-as-shanghai-eases-curbs-eu-leaders-meet/

https://oilprice.com/Energy/Energy-General/Oil-Prices-Are-Set-To-Surge-Even-Higher-This-Summer.html

set to go for energy sector...

Permodalan Nasional Berhad (PNB) 39.59 6,326.25 25.72 208.66 30-Apr-2021 Other Substantial/Declarable
Sapura Holdings Sdn. Bhd. 12.94 2,067.20 19.05 49.94 22-Oct-2021 Other Substantial/Declarable
Kumpulan Wang Persaraan (Diperbadankan) 2.89 462.30 22.68 15.25 30-Apr-2021 Other Substantial/Declarable
Jurudata Sdn. Bhd. 1.96 313.52 313.52 10.34 30-Apr-2021 Other Substantial/Declarable
The Vanguard Group, Inc. 1.61 256.80 -44.13 8.47 30-Apr-2021 Other Substantial/Declarable
Shahril bin Shamsuddin 1.09 174.81 0.00 4.22 22-Oct-2021 Other Substantial/Declarable
BlackRock Investment Management (UK) Ltd. 0.86 137.57 -8.44 4.54 30-Apr-2021 Other Substantial/Declarable
Dimensional Fund Advisors, L.P. 0.72 115.08 -9.82 3.80 30-Apr-2021 Other Substantial/Declarable
Vanguard Total International Stock Index Fund 0.70 112.37 0.00 0.90 30-Apr-2022 MF
Vanguard Emerging Markets Stock Index Fund (US) 0.66 106.02 0.00 0.85 30-Apr-2022 MF

Maka keadaan itu masih boleh diuruskan, dan ujar Ahmad Zulqarnain lagi, tanggungjawab PNB selaku pemegang saham terbesar dalam Sapura kini untuk memastikan yang penstrukturan semula syarikat itu berjaya.

Kemerosotan Sapura tidak menjadi masalah sistemik kepada PNB
Israr KhalidMei 27, 2022 08:20 MYT2-2 minutes
Kemerosotan Sapura tidak menjadi masalah sistemik kepada PNB

Kepelbagaian portfolio PNB membolehkan entiti itu terus kukuh apabila ada beberapa syarikat yang dilaburkan berdepan masalah.

DAVOS: Presiden dan Ketua Eksekutif Kumpulan PNB, Ahmad Zulqarnain Onn percaya Sapura Energy Berhad mampu untuk bangkit kembali selepas penstrukturan semula syarikat itu yang akan diumumkan pelannya tidak lama lagi.

Beliau tidak menafikan PNB mengalami kerugian dalam pelaburan dalam Sapura, namun ia hanya sebahagian kecil daripada keseluruhan portfolio PNB.

backup_ads

“Memang betul bila kita tengok harga saham Sapura pun kita tahu rugi. Tapi paling penting saya nak jelaskan bahawa walaupun Sapura ini besar, tapi dalam konteks portfolio PNB, ia hanya 1 peratus.

“Jadi bila kita menguruskan dana seperti PNB, kita kena pastikan yang portfolio itu dipelbagaikan jadi kalau ada masalah dalam satu dua syarikat ia tidak menjadi masalah sistemik dalam portfolio itu.”

Maka keadaan itu masih boleh diuruskan, dan ujar Ahmad Zulqarnain lagi, tanggungjawab PNB selaku pemegang saham terbesar dalam Sapura kini untuk memastikan yang penstrukturan semula syarikat itu berjaya.

Tonton temu bual penuh beliau dalam program Agenda AWANI khas sempena Forum Ekonomi Dunia (WEF) 2022 di Davos, Switzerland dihoskan oleh Najib Aroff, di sini:

Kemerosotan Sapura tidak menjadi masalah sistemik kepada PNB
Agenda AWANI: WEF2022 | Impak global dan pelaburan ESG

https://www.astroawani.com/video-malaysia/kemerosotan-sapura-tidak-menjadi-masalah-sistemik-kepada-pnb-1968801

Kemerosotan Sapura tidak menjadi masalah sistemik kepada PNB
Presiden & Ketua Eksekutif Kumpulan PNB, Ahmad Zulqarnain Onn berkata, Sapura akan mengumumkan pelan penstrukturan semula mereka tidak lama lagi dan PNB yakin syarikat itu akan bangkit kembali.
Mei 26, 2022 21:34 MYT

malaysia039s-economy-growing-strongly-room-to-raise-rates-finance-minister

https://www.thestar.com.my/aseanplus/aseanplus-news/2022/05/26/malaysia039s-economy-growing-strongly-room-to-raise-rates-finance-minister

Tak bersuara bermaksud sabotaj PM?
Jika bersuara untuk hentam PM, maksudnya membantu?
Logik apa ini.
Ataupun nak minta idea Najib tapi malu?
Abahkau kan ada? Suruh dia beri nasihat pulak.
Lagipun, saya bukan tak bersuara semasa Ismail jadi PM.
Harga ayam dan kawal inflasi harga makanan, saya dah banyak post. Tapi menteri lambat bertindak.
KWSP dah settle.
Suruh kerajaan benarkan Telco ambil saham dalam DNB, kerajaan dah buat.
Saran kerajaan memudahkan dan bukan menghalang micromobility, kerajaan tengah buat.
Saran bantu Sapura, kerajaan juga tengah buat.

FB NAJIB RAZAK

p/s: last sentences most important. "Saran bantu Sapura, kerajaan juga tengah buat".

so, be patient guys ;) , jual "kidney" kalau perlu, topup SAPNRG

Zafrul's Umno membership 'confirmed' amid GE15 seat hunting rumours

Published: May 25, 2022 7:31 PM
⋅
Updated: 7:31 PM
Finance Minister Tengku Zafrul Abdul Aziz is an Umno member, according to party secretary-general Ahmad Maslan.

The revelation came amid rife speculation that Zafrul is eyeing to contest in the next general election.

https://www.malaysiakini.com/news/622456

#gengnajib&zahid
#gengselamatkanSAPNRG

Saya tak faham mengapa cadangan saya dan rancangan kerajaan untuk selamatkan Sapura boleh dijadikan isu perkauman?
Ya, Sapura dibina oleh usahawan bumiputera sehingga pernah menjadi syarikat perkhidmatan minyak dan gas kedua terbesar dunia dengan nilai RM30 bilion.
Ya, Sapura telah dijadikan syarikat GLC milik PNB dan pelabur ASB oleh kerajaan PH pada tahun 2019.
Tapi Sapura ini amat penting dari segi pembangunan negara dan kelangsungan Petronas serta sektor minyak dan gas negara.
Ianya juga antara bilangan kecil syarikat Malaysia yang boleh dikira sebagai MNC bertaraf global.
Petronas bersama sektor minyak dan gas negara adalah penyumbang utama kepada hasil kerajaan setiap tahun.
Kerajaan pula memberi pelbagai bantuan kepada Rakyat serta melaksanakan pelbagai projek pembangunan yang memanfaatkan seluruh negara tanpa mengira kaum atau agama.
Dan sekiranya Petronas atau kerajaan berjaya memulihkan Sapura, keuntungan besar itu akhirnya akan dikongsi dengan semua Rakyat juga melalui perbelanjaan dan bantuan kerajaan yang lebih besar.
Syarikat Sapura juga mengupah orang bukan bumiputera.
Dan tiada siapa yang halang kaum bukan bumiputera untuk membeli saham Sapura dan menerima manfaat sekiranya syarikat itu berjaya dipulihkan.
Saya juga perhatikan ramai komen bukan bumiputera yang berterima kasih pada saya setelah mengaut keuntungan susulan harga saham Sapura naik lebih berganda selepas debat saya dengan Anwar.
Bagi mesej Whatsapp sebelah kanan yang mengadu bahawa Sapura mahu pemaafan hutang sebanyak 75% (RM7.6b) dari bank-bank tempatan, saya nak beritahu bahawa ini adalah rancangan asal pelan penstrukturan semula syarikat itu sebelum saya bangkitkan isu Sapura.
Saya kurang setuju dengan pemaafan hutang yang begitu besar sekali (iaitu 3 kali ganda kerugian bagi Genting HK) sebab antara peminjam utama kepada Sapura adalah Maybank milik PNB, RHB milik KWSP dan CIMB milik Khazanah Nasional.
Saya percaya bahawa Sapura mampu membayar balik pinjaman bank sebagaimana Sapura pernah mengurangkan hutang dari RM18b ke RM10b dalam tempoh 5 tahun lalu sekiranya diberikan peluang untuk terus beroperasi berdasarkan:
- keadaan sektor minyak dan gas dunia yang sudah memulih,
- kontrak bernilai RM8b dalam tangan; dan
- keperluan Petronas yang telah gandakan perbelanjaan CAPEX ke RM50 bilion tahun ini setelah kurang melabur pada tahun-tahun lalu ketika harga minyak dunia rendah.
Sebab itu, pihak sebelah sana patut hentikan permainan propaganda perkauman untuk menghasut Rakyat dan menanam kebencian antara kaum.
Kenapa nak jadikannya sebagai isu racist?

NAJIB RAZAk FB

https://www.malaymail.com/news/malaysia/2022/05/21/report-mof-inc-eyeing-financial-support-for-sapura-energy/8076

https://www.theedgemarkets.com/article/sapura-energy-exceo-shahril-resumes-stock-buy-after-19-months

depa dah lama rancang, kita jer yang lalai....

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E8%B4%A2%E6%94%BF%E9%83%A8%E6%9C%BA%E6%9E%84%E5%87%BA%E6%89%8B%E6%95%91%E6%B2%99%E5%B8%83%E6%8B%89%E8%83%BD%E6%BA%90

Ministry of Finance agencies to rescue Sabra Energy?
Nanyang Sat, May 21, 2022 12:01pm - 1 hour


KUALA LUMPUR (April 21): Will the finance ministry agency bail out financially troubled Sabra Energy (SAPNRG, 5218, main board energy stock)?

Financial weekly The Edge quoted sources as saying that the government now intends to bail out the struggling oil and gas service provider through the Ministry of Finance (MoF Inc), which is directly under the Ministry of Finance.

"As far as I know, it's going to be the Treasury agencies that are coming out. What's being discussed at the moment are certain aid packages...maybe some form of grant, which is expected to be announced soon."

The report also pointed out that Finance Minister Tunku Zafrul had started a plan to save Sabra Energy a few weeks ago, but it has always been questionable through which government-linked agency the government will act.

Ministry of Finance Agencies are government-linked agencies established under the Ministry of Finance Agencies Act 1957 with the main purpose of investing in areas of social services that lack interest in the private sector.

Petronas, Khazanah, as well as 1MDB and Urusharta Jamaah Sdn Bhd, which is responsible for the rescue of the Haji Foundation, are all under the Ministry of Finance.

Former Prime Minister Datuk Seri Najib Razak suggested that Petronas would come to the rescue, but market observers believe that, as a customer of Sabra Energy, it is not a good idea for Petronas to acquire its contractors.

And Sabra Energy's largest shareholder, National Investment Corporation (PNB), is not expected to rashly lend a helping hand under heavy pressure.

In 2018, when Sabra Energy issued rights shares to raise RM4 billion, the National Investment Agency spent nearly 2.7 billion ringgits to buy a large number of rights shares that were not subscribed. %.

However, the investment, which failed to generate income for unit fund holders, has already sparked investor dissatisfaction.

Sabra Energy, once the world's second largest oil and gas service provider, had short-term debt soaring to RM10.66 billion at the end of January, and its severe financial crisis has drawn the attention of the political and business circles.

https://www.astroawani.com/berita-bisnes/hlib-harga-minyak-tinggi-dijangka-kekal-dalam-tempoh-lebih-lama-362024

Ramai yg risau kalau Petronas terjejas bila bantu Sapura, jangan risau Petronas tak akan terbeban.
Sapura ada potensi baik dgn RM7 bilion projek dlm tangan dan berpuluh bilion dalam pipeline.
Aset sapura je pon dah berbilion, sgt strategik, baru, terpaling teknologi tinggi berbanding syrkt lain.
Sapura ada rekod baik operasi di 20 negara seluruh dunia.
Masalah asal sapura ni puncanya harga minyak jatuh, banyak rosot nilai, tambah teruk dia baru ambil loan utk beli machinery2 canggih baru sejurus sebelum harga minyak jatuh.
Pendek cerita, mudah2 je Sapura boleh berjaya semula. Nilai aset boleh diwrite back dan Sapura boleh untung semula dlm masa singkat.
Saham Sapura pun dah naik sikit selepas byk desakan utk bantu Sapura. Market lihat benda tu dari sudut positif, baguslah.
Kalau kita masih ingat, pada April lepas CEO Petronas sendiri mengaku bhwa Petronas tak akan dpt perform dgn baik tanpa ekosistem sektor perkhidmatan O&g yg kukuh
Majlis Perkhidmatan Minyak dan Gas Malaysia (MOGSC) pun cakap kalau Sapura kaput , ia akan merencatkan ekosistem yg dibina sejak 1974.
Kita mungkin akan hilang ramai tenaga pakar tempatan dan mungkin kita juga terpaksa bergantung kpd kepakaran luar lepas ni.

very strong accumulation (buy in) at price $3.270. Can someone explain why?

Monday gap UP, and potentially LU!